Western Mining's controlling shareholder plans further stake increase

Western Mining Co., Ltd. (SSE:601168) announced that its controlling shareholder, Western Mining Group Co., Ltd., and its concerted actor, Qinghai Western Mining Asset Management Co., Ltd., have already begun increasing their holdings. On April 3, 2025, they acquired 1,167,944 shares, representing 0.05% of the company’s total share capital. The Group now intends to further increase its holdings by an additional 0.15% to 0.222% of total shares, translating to between 3,574,500 and 5,290,023 shares, over the next three months, commencing April 7, 2025. This is to be achieved through on-market transactions via the Shanghai Stock Exchange. The specific purchase price will depend on market conditions. Prior to the initial purchase, Western Mining Group and its concerted actor held 731,952,122 shares, accounting for 30.72% of total equity. The group indicated that they would not reduce their holdings within the legal timeframe.